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Dec 9, 2012
12/12
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WBAL
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with the fiscal cliff looming, how will it affect holiday shopping? that story coming up. >> and the radar looks messy right now, heavier rain showers coming in from northern virginia. details in the insta-weather plus forecast. >> trackidy hits the dallas cowboys one day before they're scheduled to play the bengals. the latest on the arrest of one player and death of another. >> you're watching wbal-tv 11, live, local, late breaking. [captioning made possible by constellation energy group] >> good morning and welcome to 11 news sunday morning, i'm franciotti. lisa has the day off. >> i'm kerry cavanaugh. first, a look outside with ava and it was soupy today. >> like pea soup. it's a mess out there. we basically have all this fog we have to deal with, showers, as well, to watch for. earlier this morning, low visibility because of the dense fog from baltimore county to st. mary's county and eastbound, the lower eastern shore and delaware, as well. if you look at the radar, you can see showers across baltimore city moving up 95 into white marsh into edg
with the fiscal cliff looming, how will it affect holiday shopping? that story coming up. >> and the radar looks messy right now, heavier rain showers coming in from northern virginia. details in the insta-weather plus forecast. >> trackidy hits the dallas cowboys one day before they're scheduled to play the bengals. the latest on the arrest of one player and death of another. >> you're watching wbal-tv 11, live, local, late breaking. [captioning made possible by constellation...
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122
Dec 27, 2012
12/12
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WBAL
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that is the last day of fiscal cliff talks. the president departed hawaii to return to washington, where it is not just the temperature that is chillier. talks cooled over the holidays over how to avoid the massive tax hikes. they are set to begin in just a few days. >> taxes are going to go up no matter what. they could go up a lot more, and that is where the political hit comes. >> house republicans point the finger at the other chamber, saying the senate must act on a bill to avoid the fiscal cliff. a spokesman for harry reid some are blaming the gop for the holdup. no further legislation can move unless republicans drop their knee-jerk obstructionism. if the country falls off the fiscal cliff, it may feel gradual at first, except on wall street. >> the reaction from the financial markets and the stock markets -- you could see something quick. >> a top ceo is hoping to jolt them into action. he wants employees to write " come together" on the coffee cups. >> i am maintaining my optimism that we will see the republicans and a
that is the last day of fiscal cliff talks. the president departed hawaii to return to washington, where it is not just the temperature that is chillier. talks cooled over the holidays over how to avoid the massive tax hikes. they are set to begin in just a few days. >> taxes are going to go up no matter what. they could go up a lot more, and that is where the political hit comes. >> house republicans point the finger at the other chamber, saying the senate must act on a bill to...
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95
Dec 5, 2012
12/12
by
WBAL
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eye 95
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both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away. >> with no solution in sight the white house budget is now ordering the pentagon and other an an jencies to finalize their plan to avoid massive spending cuts. >> secretary of state clinton says nato's decision missiles to turkey sends a clear message that tour ski is backed by its allies. the big concern remains an increasely desperate assad regime will turn to chemical weapons as rebel fighting rages on. the u.s. and its partners are looking to apply additional pressure on at a conference next week. the regime insists they would not use weapons against its people. >> a natural gas tanker arrive
both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away....
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Dec 27, 2012
12/12
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WBAL
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lawmakers gear up to tackle the fiscal cliff on capitol hill. >> the fiscal cliff deadline is inching closer. the aviation industry is not worried. they say they will not face immediate destruction. the defense industry urging congress to shift its attention from the cuts than to fighting over taxes. if the cuts take effect, many jobs would be lost. starbucks taking a stand on the cliff. asking customers to write "come together" on cups. toyota will take a $1.1 billion charge to settle a lawsuit that has to do with more than 10 million vehicles because of unintended acceleration. good news for the housing market. homes i use will rise as much as 2.5% nationwide. they expect 2013 to be a seller's market. the best places to buy include cleveland and philadelphia. i'm ellen braitman with the bloomberg business report. >> 5:22. support pours into newtown, connecticut. a memorial that includes every gift and a letter. don't forget to e-mail us your response to our water cooler question of the day. will you be more likely to visit a maryland casino now that some are open 24/7? you can share
lawmakers gear up to tackle the fiscal cliff on capitol hill. >> the fiscal cliff deadline is inching closer. the aviation industry is not worried. they say they will not face immediate destruction. the defense industry urging congress to shift its attention from the cuts than to fighting over taxes. if the cuts take effect, many jobs would be lost. starbucks taking a stand on the cliff. asking customers to write "come together" on cups. toyota will take a $1.1 billion charge to...
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Dec 12, 2012
12/12
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KGO
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eye 247
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economy and that pending fiscal cliff. are we going to go over the fiscal cliff? >> you know, i remain optimistic that there are enough people of good will in this town that recognize our economy will be much better off, american families will be much better off if we get this done. the most important thing we can do is make sure middle class taxes don't go up on january 1. and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> prediction, are you going to be able to raise taxes, yes or no? >> taxes are going to go up one way or another. and i think the key is to make sure that taxes go up on the high end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal, but time is running short. >> how about this analysis. the obama administration wants to send a clear message that while it supports syria's coalition opposition, to lead syria's democratic transition when the assad regime falls, there is no place for extremism in the
economy and that pending fiscal cliff. are we going to go over the fiscal cliff? >> you know, i remain optimistic that there are enough people of good will in this town that recognize our economy will be much better off, american families will be much better off if we get this done. the most important thing we can do is make sure middle class taxes don't go up on january 1. and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for...
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Dec 21, 2012
12/12
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KGO
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we'll talk to him coming up. >>> trying to avoid that fiscal cliff. it's a situation between president obama and congressional republicans looked dire before, now it looks nearly impossible. >> how members are heading home for christmas and speaker john boehner says finding a solution now is up to the president. >> reporter: in a stunning surprise, splits within house republican ranks forced speaker john boehner to cancel a planned vote on his tax cut bill. >> the house will stand in recess subject to the call of the chair. >> reporter: in a statement, speaker boehner said his plan b tax bill did not have sufficient support to pass. the speaker said it's now up to the president to avert the fiscal cliff. boehner had said he hoped to revive stalled white house negotiations. >> our country has big challenges, and the president and i are going to have to work together to solve those challenges. >> reporter: despite persuasion and arm twisting, many house republicans told party leaders they would not support a bill that violated their no-tax hike pledge a
we'll talk to him coming up. >>> trying to avoid that fiscal cliff. it's a situation between president obama and congressional republicans looked dire before, now it looks nearly impossible. >> how members are heading home for christmas and speaker john boehner says finding a solution now is up to the president. >> reporter: in a stunning surprise, splits within house republican ranks forced speaker john boehner to cancel a planned vote on his tax cut bill. >> the...
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Dec 26, 2012
12/12
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WMAR
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eye 69
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cliff gently. >>> starbucks is taking a stand on the fiscal cliff. the chain's ceo is asking stores to write "come together" on the coffee cups they sell tomorrow. starbucks says workers are not required to write the message though. >>> there is a positive sign for the economy that housing is rebounding. home prices were up more than 4% in october compared to a year ago. that's the biggest percentage gain in more than two years. despite increase home price are still down 29% from the peak in june of 2006. >>> it's become as much of a seasonal shopping tradition as black friday, the day people return gifts and look for a better deal. >> reporter: earlier today it looked and felt like the day after christmas with the falling snow and people in their cars sloshing their way to the stores in the mall. >> my aunt gave me a gift card to macy's. i was going to see what they have. if there's something i like, i will get my mom to buy it. >> i don't have any returns. >> i'm returning my coach purse because i'm getting a different color. >> reporter: for many
cliff gently. >>> starbucks is taking a stand on the fiscal cliff. the chain's ceo is asking stores to write "come together" on the coffee cups they sell tomorrow. starbucks says workers are not required to write the message though. >>> there is a positive sign for the economy that housing is rebounding. home prices were up more than 4% in october compared to a year ago. that's the biggest percentage gain in more than two years. despite increase home price are still...
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Dec 28, 2012
12/12
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KGO
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. >>> the country is just days away from going over the fiscal cliff. what is happening today in the nation's capital as lawmakers c >>> welcome back. doppler tracking showers to our north tail end showing radar returns most moisture in the clouds now because it is too dry at the lower levels fairfield 31°, mid to upper 30s in all inland valleys upper 30s around redwood city., mountain view, san jose. let's talk about what is going to happen today, light rain by the afternoon, 50s, showers tomorrow morning dry sunday and monday. >>> light traffic conditions so far, folks take the week or another long holiday weekend out of novato past marinwood lucas valley road here marin ymca traffic flowing nicely out of san rafael into southern marin no problems on the golden gate bridge light traffic conditions four lanes southbound what a difference a day makes yesterday afternoon getting to the golden gate bridge was a nightmare from all approaches due to folks enjoying a beautiful day. 680 to the altamont pass good ride. 680 corridor from 580 to highway 24 nor
. >>> the country is just days away from going over the fiscal cliff. what is happening today in the nation's capital as lawmakers c >>> welcome back. doppler tracking showers to our north tail end showing radar returns most moisture in the clouds now because it is too dry at the lower levels fairfield 31°, mid to upper 30s in all inland valleys upper 30s around redwood city., mountain view, san jose. let's talk about what is going to happen today, light rain by the...
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Dec 21, 2012
12/12
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KOFY
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boehner yanking his own legislation leaves the fiscal cliff negotiations in limbo would. 11 days before most every american see as tax increase. impact causing stock to slide in asia in friday trading. congressional chaos tops brutal day of political sniping even though democrat and republican may actually not be that far apart in negotiations chtd. more open had a part of the story from jonathan karl. >>reporter: bickering you would think they are miles apart. >> my proposal is right down the middle. >> his plan is not balanced. >> what we have from the speaker is a disaster plan. >> president has not come forward with that balance approach. >>reporter: but in reality the difference is just aren't that great. john boehner has now agreed to do something republicans had said was unthinkable. raise tax rates on the wealthy. difference? democrat would raise rates on those making over 400,000 dollars a year. republicans on those making over 1 million dollars. president obama has now agreed to something that had been unthinkable for democrats. cutting spending on social security and medicare
boehner yanking his own legislation leaves the fiscal cliff negotiations in limbo would. 11 days before most every american see as tax increase. impact causing stock to slide in asia in friday trading. congressional chaos tops brutal day of political sniping even though democrat and republican may actually not be that far apart in negotiations chtd. more open had a part of the story from jonathan karl. >>reporter: bickering you would think they are miles apart. >> my proposal is...
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Dec 22, 2012
12/12
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KOFY
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eye 157
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leaders head off for the holiday vacation 10 days to the fiscal cliff. stay with us. 7 news as i say is. >> raining all over the bay area as you know. here's one of the problems it caused. large tree crashing down on a carport in marin county. nobody was injured. >> trucker driving on highway 162 in mendocino county escaped giraffe huge chunk of the roadway gave way underneath his big rig. portion of the highway near cave is closed and traffic now rerouted. >> holiday tragedy in the sierra tonight. 71-year-old man died after hitting a tree on the west face of what is called k 22. he was wearing a helmet but it was not enough to save his life. >> good evening. right to sandhya with very latest on the weather. >> we are going to switch over from light rain to thunderstorms we check out live doppler 7 ht and is what develop off the coast that is most important part right now as we show you here. ill take you in and give you at bit of a closer look at the lightning strike. you see them off the coast here. not far away and they will be moving towards the bay
leaders head off for the holiday vacation 10 days to the fiscal cliff. stay with us. 7 news as i say is. >> raining all over the bay area as you know. here's one of the problems it caused. large tree crashing down on a carport in marin county. nobody was injured. >> trucker driving on highway 162 in mendocino county escaped giraffe huge chunk of the roadway gave way underneath his big rig. portion of the highway near cave is closed and traffic now rerouted. >> holiday tragedy...
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Dec 26, 2012
12/12
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FOXNEWSW
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new developments in the effort to avert the fiscal cliff. coming up the policy democrats are now floating as a possible solution that they fiercely opposed during the bush administration. gregg: and the latest on a nasty winter storm over the midwest that's now on a collision course with the east coast. >> there is a small town maybe ten miles from here, love lady, and it blew the roof off of a bank into another house, that is a couple of structures. as far as i know there was a guy, he had a house maybe a mile from here and it totally took it down. [ all ] 3, 2, 1... [ male announcer ] as the year counts down, your savings can add up with the adt new year's sale. help protect your family with the advanced technology of adt starting at just $99 -- a savings of $300 plus 15% off accessories. but you must call before midnight january 2nd. more than a security system, adt can help let your family in from the cold even when you're away from home. adjust your thermostat remotely to help save energy and money. turn on the lights, even see that eve
new developments in the effort to avert the fiscal cliff. coming up the policy democrats are now floating as a possible solution that they fiercely opposed during the bush administration. gregg: and the latest on a nasty winter storm over the midwest that's now on a collision course with the east coast. >> there is a small town maybe ten miles from here, love lady, and it blew the roof off of a bank into another house, that is a couple of structures. as far as i know there was a guy, he...
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abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the county clerk's office in seattle opened at midnight to accommodate couples eager to make history. there's another historic first in washington overnight. it is now legal to buy and possess pot. the law, though, bans public use of marijuana, like drinking in public. and it's against the wall to sell pot. the state is trying to work out a system to license growers. >>> and with that, we'll take a look -- >> you can't buy it or sell it. >> time, now, for the weather across the country. showers from portland to seattle. up to eight inches of snow in the northern cascades and rockies. mild in the nation's midsection. pop-up showers in omaha, cincinnati and louisville. and scattered showers from the carolina
abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the county clerk's office in seattle opened at midnight to accommodate couples eager to make history. there's another historic first in...
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Jul 12, 2012
07/12
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MSNBC
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cliff. >> why do you think the odds are we go over the fiscal cliff? >> because it's politically painful. it's really tough. >> it's not going to get less painful in the future. >> this, of course, at herb allen's annual retreat, summer camp for rich people. >> and moguls. >> let's talk about -- there's no indication from either camp that anybody wants to speak truth to the american people in this campaign. we're arguing about bain capital, we're arguing about a lot of other things which are big issues. what about what we're about to face in the fall after the election? >> you're right. the solutions to the fiscal cliff are painful and involve sacrifice on both sides. it's not surprising when you're running a political campaign it isn't your first choice to necessarily deal with a for -- >> walter mondale approved that. >> walter mondale proved that on the tax issue, for sure. the fact is the deadline is coming. i'm not as pessimistic. it's so insane to go over the fiscal cliff that i have to believe at the end of the day people avoid that. what's star
cliff. >> why do you think the odds are we go over the fiscal cliff? >> because it's politically painful. it's really tough. >> it's not going to get less painful in the future. >> this, of course, at herb allen's annual retreat, summer camp for rich people. >> and moguls. >> let's talk about -- there's no indication from either camp that anybody wants to speak truth to the american people in this campaign. we're arguing about bain capital, we're arguing...
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Nov 29, 2012
11/12
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KPIX
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from falling off the "fiscal cliff." treasury secretary tim geithner and a white house aide plan to visit with the four house and senate leaders. they hope to find common ground on how to avert a series of tax increases and spending cuts scheduled to begin in january. >>> president obama will have lunch with mitt romney today the first time they meet face to face since their debate before the election. the event at the white house will be private. no aides will be present. no media will be allowed. >>> powerball ticketholders are checking their numbers twice today. >> yeah. good luck. the record-breaking jackpot $588 million. the numbers drawn last night just in case 5, 16, 22, 23, 29 and the powerball number was 6. two winning tickets sold in arizona and missouri. californians may be able to cash in though on powerball prices next year. it's not in our state but lottery officials are meeting this morning up in sacramento trying to hammer out details that would allow the golden state to join the 42 other states in the po
from falling off the "fiscal cliff." treasury secretary tim geithner and a white house aide plan to visit with the four house and senate leaders. they hope to find common ground on how to avert a series of tax increases and spending cuts scheduled to begin in january. >>> president obama will have lunch with mitt romney today the first time they meet face to face since their debate before the election. the event at the white house will be private. no aides will be present. no...
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Nov 29, 2012
11/12
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KPIX
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wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of th
wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the...
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Dec 27, 2012
12/12
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KPIX
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. >> president owe pa ma returns to washington today with five days to avoid the fiscal cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy shanghai shopping center a shark tank exploded. >>> the windy city of chicago will sport america's most expensive parking meters. >> what do you think about that? >> too much. >> all that -- >> smith catches, shoots puts it up, puts it in at the buzzer! j.r. smith with another game winner! >>> what is your favorite app? >> scrabble. >> sometimes i want to yank that out of your hands. >> and all that matters. >> an endangered thin backed whale watched up on the breezy point section of queens. >> on "cbs this morning." >> i know he's smiling but that medal hanging around his neck there's a 40% chance he'll hang himself with it. captioning funded by cb
. >> president owe pa ma returns to washington today with five days to avoid the fiscal cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy shanghai...
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Jun 12, 2012
06/12
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KPIX
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eye 246
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this morning, secret discussions are going to deal with the fiscal cliff. rebecca jarvis talked with economists and two legislators involved. good morning. >> good morning to you. cbs news has learned that this is a broad group of about 30 senators from both sides of the is aisle, and according to sources in the meetings it is not just those with so-called bases nearing retirement. there are even some freshmen senators participating. it began with a dinner. a senator who has been attending says there's no clear leader, calling it a coalition of the willing. insiders also tell me that the senators have been broken into working groups to address primary issues, including defense spending, corporate taxes, and individual taxes. and while the groups overall are agreeing on principle, and coming to some broad conclusions, they are still split down party lines on specifics. participants in the meetings say that their biggest achievement so far is just getting to the same table, bringing lawmakers together from both the left and the right. a rarity these days. and
this morning, secret discussions are going to deal with the fiscal cliff. rebecca jarvis talked with economists and two legislators involved. good morning. >> good morning to you. cbs news has learned that this is a broad group of about 30 senators from both sides of the is aisle, and according to sources in the meetings it is not just those with so-called bases nearing retirement. there are even some freshmen senators participating. it began with a dinner. a senator who has been...
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Jun 12, 2012
06/12
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WJZ
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plus cbs news learns of secret meetings on capitol hill aimed at avoiding the nation's fiscal cliff. >>> i'm erica hill. the battle over what officials call agent orange corn. we'll explain what it is and why it's causing a stir. >>> plus on this day, president reagan changed history with these words -- >> mr. gorbachev, tear down this wall. >> how that speech is still impacting politics today. >>> and i'm gayle king. when i see you at 8:00 how a lack of sleep could be more dangerous than you ever imagined. and we'll talk coffee and commerce with starbucks ceo, that would be howard schultz. >>> first, as we do every morning, we begin with a look at today's "eye-opener," your world in 90 seconds. >> it was minutes. i had less than five minutes to get out of that house. >> raging colorado wildfires turn deadly. >> a woman received two evacuation notices, but when firefighters arrived at her cabin, they were turned away by a wall of flames. >> it's spreading at a mile an hour. >> flames already destroyed 100 structures. >> we're just trying to hang in there. we'll just rebuild if we hav
plus cbs news learns of secret meetings on capitol hill aimed at avoiding the nation's fiscal cliff. >>> i'm erica hill. the battle over what officials call agent orange corn. we'll explain what it is and why it's causing a stir. >>> plus on this day, president reagan changed history with these words -- >> mr. gorbachev, tear down this wall. >> how that speech is still impacting politics today. >>> and i'm gayle king. when i see you at 8:00 how a lack of...
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Oct 16, 2012
10/12
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WUSA
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eye 160
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condition of the country and the fiscal cliff that the country faces? >> i'm sure that's going to come up in some form or another. >> so far no one has a question to that. >> sorry, i almost said president romney. one thing i think mitt romney should say at some point is look, you're probably going to get a republican house again. if you send president obama back again, if you liked the first debt showdown, you're really going to love the second because you're sending all the same people around the table. send me there and give us a chance to get shotgun done over the next two years and if you don't like it, you can wipe out the republicans in congress. >> what's the counterargument to that? >> we've seen what the republican house wants to do and the american public doesn't like it. they would slash funding, change medicare as we know it. they would roll back taxes that would hit the middle class incredibly hard while giving tax breaks to millionaires and billionaires. they would cut all kinds of programs that affect not just middle class people. i thin
condition of the country and the fiscal cliff that the country faces? >> i'm sure that's going to come up in some form or another. >> so far no one has a question to that. >> sorry, i almost said president romney. one thing i think mitt romney should say at some point is look, you're probably going to get a republican house again. if you send president obama back again, if you liked the first debt showdown, you're really going to love the second because you're sending all the...
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so they can do something about the fiscal cliff without relying on the fed to help out too much. >> we wait to see what help the fed could provide. alison kosik, we'll be watching. thank you. >>> we'll bring you results as they happen at the olympics. also in london we're learning much more about the dutches of cambridge including the fact she likes to make her own strawberry preserves. you've never heard this before. live in london, next. ♪ [music plays] ♪ [music plays] ♪ [music plays] like the elephant on my chest... he thought he was having a heart attack. she said, "take an aspirin, we need to go to the hospital." i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i'm very grateful to be alive. aspirin really made a difference. >> announcer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal info to buy new teeth and a new car, and stuck tom with the
so they can do something about the fiscal cliff without relying on the fed to help out too much. >> we wait to see what help the fed could provide. alison kosik, we'll be watching. thank you. >>> we'll bring you results as they happen at the olympics. also in london we're learning much more about the dutches of cambridge including the fact she likes to make her own strawberry preserves. you've never heard this before. live in london, next. ♪ [music plays] ♪ [music plays] ♪...
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swaps and fiscal cliff. it's a cliff that if we go over, growth drops very dramatically. a lot of money is paid out of the economy, and the economy goes from 2% growth right now where it is to about negative 1.5% growth. that would be a recession. as that car gets over that cliff, there will be an average kras, according to the congressional budget office of $3,500 per household in tax increases. this is the spending cuts. this is the bush tax cuts going away. this is the alternative minimum tax patch going away, the payroll tax holidays. $3,500 per household increase. $109 billion in automatic across the board spending cuts will take effect. half of them will be in defense. half of them will be in nondefense. the congressional budget office, the nonpart sflan body says millions of jobs will be lost, a million next year alone. unemployment will jump to % next year, and, of course, we'll be back in that recession. now, in fairness, suzanne, most thinking people don't think we'll get there, but most thinking p
swaps and fiscal cliff. it's a cliff that if we go over, growth drops very dramatically. a lot of money is paid out of the economy, and the economy goes from 2% growth right now where it is to about negative 1.5% growth. that would be a recession. as that car gets over that cliff, there will be an average kras, according to the congressional budget office of $3,500 per household in tax increases. this is the spending cuts. this is the bush tax cuts going away. this is the alternative minimum...
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444
Dec 11, 2012
12/12
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CNNW
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eye 444
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are we going to fix the fiscal cliff or is the hockey lockout going to end? and i think it's pretty clear now that the fiscal cliff is going to get fixed first. because i think both sides recognize, look, we have an end of the year deadline. they knew this had to be done at particular point. so it doesn't really matter what the issues are. i think everyone recognizes that they don't want to end up going over this cliff. so i think there's always been a plan afoot. i think the republicans are really scaling back what their expectations are. they have to recognize this is going to get done in a lame-duck session, and barack obama has surprisingly stood his ground. liberals can be happy with him for once because he seems to be taking command of these negotiations. >> ron, the "national review" is reporting that if the fiscal cliff talks go sour, that john boehner might have a challenge for his speaker post. do you agree with that? >> i think speaker boehner is extremely strong in his position. he's been very, very smart, including the republican leadership, in h
are we going to fix the fiscal cliff or is the hockey lockout going to end? and i think it's pretty clear now that the fiscal cliff is going to get fixed first. because i think both sides recognize, look, we have an end of the year deadline. they knew this had to be done at particular point. so it doesn't really matter what the issues are. i think everyone recognizes that they don't want to end up going over this cliff. so i think there's always been a plan afoot. i think the republicans are...
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why a fiscal cliff could mean chaos for the 1099s. er erin swen bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. the lexus december to remember sales event is on. oh, let me guess --ou see this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to s
why a fiscal cliff could mean chaos for the 1099s. er erin swen bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. you can stay in and like something... or you can...
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we want to stay here, we want to avoid the fiscal cliff from happening. and again, i think that the decision is for the white house and the senate democrats to come join us so we can avoid the tax hike on american people and avoid the fiscal cliff. >> speaking to reporters, just moments ago, that's the second highest ranking house republican who said he's sure that the plan "b" for taxes will pass. but lawmakers' work is still far from over. joining me now from washington. so that was eric cantor, wolf. plan "b," does it have a point? and does it have a chance? >> certainly has a chance of passing the house of representatives. i don't know if it would then pass the senate. the president said he would veto it if it were to pass the senate because it would allow -- there would be no tax increases for incomes up to $1 million a year. right now, the president he started, as you remember, ashleigh, $250,000 for families, but he's gone up to $400,000. but he says $1 million is too much. and they've directly threatened to veto that legislation if it were to pass
we want to stay here, we want to avoid the fiscal cliff from happening. and again, i think that the decision is for the white house and the senate democrats to come join us so we can avoid the tax hike on american people and avoid the fiscal cliff. >> speaking to reporters, just moments ago, that's the second highest ranking house republican who said he's sure that the plan "b" for taxes will pass. but lawmakers' work is still far from over. joining me now from washington. so...
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it appears those spending cuts that are the other part of the fiscal cliff will likely set in. and then what happens there will maybe be something that democrats and republicans try to deal with in the coming weeks, in the coming months. that means even come say the end of the year here or if we go over the cliff and there's some quick resolution, it's not for everything and we'll be dealing with a lot of these problems for some time, carol. >> what's the president doing in hawaii? >> reporter: the president has been getting in some r and r. he arrived saturday morning. he played golf with some of his buddies. he wept outer with his wife. yesterday he attended the ceremony for senator daniel inn way. and then he went for a hike in the afternoon with his daughters. this may be his one chance for a vacation and you may recall he didn't get one this summer. he decided not to go on his normal vacation in the election year. so this is really it for him. >> brianna keilar, thank you. >>> the gun control debate is intensifying. the nra's executive vice president made the circuit on su
it appears those spending cuts that are the other part of the fiscal cliff will likely set in. and then what happens there will maybe be something that democrats and republicans try to deal with in the coming weeks, in the coming months. that means even come say the end of the year here or if we go over the cliff and there's some quick resolution, it's not for everything and we'll be dealing with a lot of these problems for some time, carol. >> what's the president doing in hawaii?...
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if nothing is done to avert the fiscal cliff. if you make $104,000, doing pretty well, you see your taxes go up $6200. if you make $400,000 a year, you see taxes go up over $9,000. that's overnight. the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks says, hey, you know what? let's write on our coffee cups "come together." do you think anybody will pay attention to that in washdz? >> you know what? anything and everything helps. just merely spreading the message america is watching and waiting for congress to act to find a way to reason together, that's an important act, and everyone doing their part can do, i say good on him. we need to send this message to washington and make sure it isn't settled. we'll go deeper into this tonight at 7:00 as well. this is urnlggent. the clock is ticking, s
if nothing is done to avert the fiscal cliff. if you make $104,000, doing pretty well, you see your taxes go up $6200. if you make $400,000 a year, you see taxes go up over $9,000. that's overnight. the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks...
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that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the work load. and there would be unexpected higher taxes for most americans because, remember, that's another part of the equation. so many different groups could be hit in many different ways at many times, but the bottom line is if these negotiations continue to stall and don't come through, and the cliff comes, people will indeed feel it all over this country. >> all right, tom foreman, that was cnn's tom foreman in washington. as we await this 3:00 p.m. meeting at the white house, an attempt to reach an agreement before we hit the fiscal cliff on tuesday. stay tuned. >>> one-two weather punch, a massive storm causing huge problems since christmas day finally over. but another is on the way. chad myers is tracking this latest storm for us. heart break for dozens of american families in the process of adopting children from russia as russia's president signs an adoption ban. stop! stop! stop! come back here! humans -- we are beautifully imperfe
that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the work load. and there would be unexpected higher taxes for most americans because, remember, that's another part of the equation. so many different groups could be hit in many different ways at many times, but the bottom line is if these negotiations continue to stall and don't come through, and the cliff comes, people will indeed feel it all over this country. >> all right, tom foreman, that was...
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thank you for that reporting from washington. >>> president obama talking about the fiscal cliff. in his first television interview since the election, that cliff, of course the combination of government spending cuts and tax increases that automatically go into effect on january 1st because people we elected to make a deal can't make a deal. yesterday, republicans proposed steep spending cuts but gave no ground on president obama's call to raise taxes on the wealthiest americans. here's what the president told bloomberg's white house correspondent about that. >> unfortunately the speaker's proposal right now is still out of balance. you know he talks, for example, about $800 billion worth of revenue but was he says he's going to do that by lowering rates. when you look at the platte it doesn't work. when i've said is, i am prepared to work with the speaker and democrats and republicans to go after excessive health care costs in our federal health care system, we're going to have to strengthen those systems and i think we can do that without hurting seniors, without hurting benefi
thank you for that reporting from washington. >>> president obama talking about the fiscal cliff. in his first television interview since the election, that cliff, of course the combination of government spending cuts and tax increases that automatically go into effect on january 1st because people we elected to make a deal can't make a deal. yesterday, republicans proposed steep spending cuts but gave no ground on president obama's call to raise taxes on the wealthiest americans....
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could a solution to the fiscal cliff be on the menu? live report from washington straight ahead. >> plus this -- stunning video out of syria, rebels cheer after a military helicopter is shot down. what does it mean for the united states? >>> drones. we know the military uses them. well, get ready for drones possibly buzzing your house. >>> and forget steroids. adderall is the new p.e.d. and four nfl players are suspended. >>> cup of joe, only one question left. something you would buy? >> no, not at all. >> "newsroom" starts now. >> good morning to you. thank you so much for being with me. i'm carol costello. we begin in washington today where president obama will play host to mitt romney this afternoon andn what could be one of the most anticipated meals in the nation's capital since thanksgiving. white house correspondent dan lothian joins me now. so, i don't know. i would love to be a fly on the wall. wouldn't you? >> no cameras allowed inside for this lunch. this is something the president said he wanted to do in his victory speech,
could a solution to the fiscal cliff be on the menu? live report from washington straight ahead. >> plus this -- stunning video out of syria, rebels cheer after a military helicopter is shot down. what does it mean for the united states? >>> drones. we know the military uses them. well, get ready for drones possibly buzzing your house. >>> and forget steroids. adderall is the new p.e.d. and four nfl players are suspended. >>> cup of joe, only one question left....
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and that the rhetoric around the fiscal cliff or what i like to call the fiscal bluff is really just a way to thinly shroud these drastic budget cuts that will result in 60,000 people with aids around the world dying. these are preventable deaths that we could otherwise avoid if these budget cuts don't go through. >> let's talk about those cuts because the aids, their speculation is that more than $500 million will be cut from hiv/aids programs in the first year if it goes into effect. do you see the need for entitlement reform at any measure and, if you do, what cuts would your group be okay with? >> so, here's the thing. if we could just pass a tiny tax on the speculative stock transactions, a robinhood tax, we could actually generate up to $350 billion, and i said billion dollars a year. every single year. that would be more than enough money to end the aids pandemic and to have money left over for the largest jobs program that we ever dreamed of and enough money to fight against climate change so us up here in new york won't have to face things like hurricane sandy, again. a robi
and that the rhetoric around the fiscal cliff or what i like to call the fiscal bluff is really just a way to thinly shroud these drastic budget cuts that will result in 60,000 people with aids around the world dying. these are preventable deaths that we could otherwise avoid if these budget cuts don't go through. >> let's talk about those cuts because the aids, their speculation is that more than $500 million will be cut from hiv/aids programs in the first year if it goes into effect. do...
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fiscal cliff. we believe that the majority of teachers in america know that our system must be reformed, to put students first so that america can compete teachers do not teach to become rich or famous. the teeth because they love children. [cheers and applause] -- they teach because they love children. [cheers and applause] we believe we should honor and do good for the good ones, demanding accountability, demanding higher standards, and demanding the best teacher in every classroom in america. [cheers and applause] get ready. here is what they believe. they believe the educational savages will only put themselves ahead of children, that self- interest will always trump common sense, they believe in pitting unions against teachers, educators against parents, lobbyists against children. they believe in teachers' unions. we believe in teachers. [cheers and applause] we believe that, if we tell the people the truth, that they will act bigger than the pinnace we see in washington, d.c. we believe it i
fiscal cliff. we believe that the majority of teachers in america know that our system must be reformed, to put students first so that america can compete teachers do not teach to become rich or famous. the teeth because they love children. [cheers and applause] -- they teach because they love children. [cheers and applause] we believe we should honor and do good for the good ones, demanding accountability, demanding higher standards, and demanding the best teacher in every classroom in...
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fall by more discussion of the fiscal cliff negotiations -- followed by more discussion of the fiscal cliff negotiations. and a discussion on background checks. how they work, who gets them, and when they are required. our guest is matt bennett with the third wayl . on "washington journal" at 7:00 a.m. >> kent conrad is retiring. the north dakota democrat talk about partisanship in the senate and his time working on economic issues including his service on the bulls simpson commission. -- bowles-simpson commission. this is 30 years. fulle're talking in a week o of farewell speeches. what is that like? >> it has been great. i have that going away party the night before. a lot of my colleagues were there. then the farewell speech in which i had a chance to reflect on my service here but also to challenge my colleagues to finish the job on the grand bargain to get our fiscal house in order and i laid out the specifics on what would be a genuine compromise between the two sides. it was satisfying. >> why did you decide not to run again? >> many reasons. i have served here 26 years. less t
fall by more discussion of the fiscal cliff negotiations -- followed by more discussion of the fiscal cliff negotiations. and a discussion on background checks. how they work, who gets them, and when they are required. our guest is matt bennett with the third wayl . on "washington journal" at 7:00 a.m. >> kent conrad is retiring. the north dakota democrat talk about partisanship in the senate and his time working on economic issues including his service on the bulls simpson...
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cliff," "i hope you are getting the situation that we are not going over the fiscal cliff." sadly, i have to tell them that we are not there, we are not here, we are not working. every democrat, every republican ought to be here. the speaker ought to call us back into session. it is not as if we do not have a lot of work to do. in fact, we have a lot of work to do. secretary geithner sent a letter to me and others yesterday, and it was reported in the paper today that america will reach its debt limit on december 31. that needs to be dealt with so that we can maintain the creditworthiness of this nation, so we can give confidence to this economy. in addition to that, there is much other business to do. over the past weeks, majority leader cantor said the house would do the work necessary to finish the items we needed to get done by the end of the year. i talked to mr. cantor today and urged him to have us come back. they are having a discussion about that, i think, at 2:30, shortly, the republican conference on a call. i hope they conclude as we have concluded -- and i speak
cliff," "i hope you are getting the situation that we are not going over the fiscal cliff." sadly, i have to tell them that we are not there, we are not here, we are not working. every democrat, every republican ought to be here. the speaker ought to call us back into session. it is not as if we do not have a lot of work to do. in fact, we have a lot of work to do. secretary geithner sent a letter to me and others yesterday, and it was reported in the paper today that america...
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princeton young says going over part of the fiscal " read a cliff -- fiscal cliff would cost more than 70,000 jobs. it also confirmed many of those hit with a rate increase will be small business owners, the very people who both parties acknowledge are that he to private sector job creation. there is an alternative. it involves making real changes to the financial changes and reforming our tax code to curb special interest loopholes and deductions. by working together in creating a cleaner tax code, we can get our country is stronger, healthier economy. that means more revenue, which is what the president wants. because the american people expect us to find common ground, we are willing to except additional revenue by way of tax reform. there is a model that supports economic growth. in 1986, with a democrat house, and a republican president named ronald reagan. in 1986, there were skeptics who doubted the economic benefits of tax reform. those skeptics were wrong. a stanford economist said the 1986 reform is the sort of an unsung hero of the good economic times we have had for a long
princeton young says going over part of the fiscal " read a cliff -- fiscal cliff would cost more than 70,000 jobs. it also confirmed many of those hit with a rate increase will be small business owners, the very people who both parties acknowledge are that he to private sector job creation. there is an alternative. it involves making real changes to the financial changes and reforming our tax code to curb special interest loopholes and deductions. by working together in creating a cleaner...
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have you this fiscal cliff, does that change? does the meter move? lou: it has to, it is one of those unfortunate at times in our history where events dictate policy, this president, no matter how muchy he would like to continue to spend money shall be constrained. and governor romney made it clear, he will introduce idea of fiscal policy responsibility into the federal government, again, that is clear. this is beyond the volition of president obama. neil: they are staring at the same deadline. we think common sense will kick in they have to do something but they don't always. lou: they will reach a fiscal dee ideal in 2013. neil: yeah they have until december 31. do you think they punt? lou: no, they will not be able to escape ask the react of the markets. neil: a big sell-off. lou: a tremendous sell-off, i'm talking about bull market, and e-- the bond market, and equities market, it will collapse, it cannot be done. you hear a guy as smart as robert wolf with his years as an investment banker to make that comment, sometime in 2013, he gave us a war
have you this fiscal cliff, does that change? does the meter move? lou: it has to, it is one of those unfortunate at times in our history where events dictate policy, this president, no matter how muchy he would like to continue to spend money shall be constrained. and governor romney made it clear, he will introduce idea of fiscal policy responsibility into the federal government, again, that is clear. this is beyond the volition of president obama. neil: they are staring at the same deadline....
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talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements.
talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people...
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or would that speed up a fall off the fiscal cliff? we want to know what you think. can we solve our economic problems by borrowing more money? we tweet us at cnbc closingbell. sr that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. but when i was diagnosed with prostate cancer... i needed a coach. our doctor was great, but with so many tough decisions i felt lost. unitedhealthcare offered us a specially trained rn who helped us weigh and understand all our options. for me cancer was as scary as a fastball is to some of these kids. but my coach had hit that pitch before. turning data into useful answers. we're 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it real for me. we bu
or would that speed up a fall off the fiscal cliff? we want to know what you think. can we solve our economic problems by borrowing more money? we tweet us at cnbc closingbell. sr that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. but when i was diagnosed with prostate cancer... i needed a coach. our doctor was...
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you've got the fiscal cliff. more importantly, you have a fiscal abyss, which is what do we do going forward. >> $16 trillion in debt. >> how do we make sure that the united states continues to have a growing and vibrant economy? i think that simpson-bowles gave a good blueprint for what we need to do there where everybody shared and sacrificed what with to do. both taxes and tax rates went up. spending got reduced. so i think we're at a point now in our country we just had an election, people are aware of these problems. they expect elected officials in washington, including the president of the united states to compromise and work together to come up with a solution. >> you have to operate your business regardless of what's going on in the world. you as a businessman, how are you dealing with this? do you need to resize the business, do something different in terms of facing the new reality where you are going to see tax rates go higher, you are going to see a heavy regulatory environment? what are you doing di
you've got the fiscal cliff. more importantly, you have a fiscal abyss, which is what do we do going forward. >> $16 trillion in debt. >> how do we make sure that the united states continues to have a growing and vibrant economy? i think that simpson-bowles gave a good blueprint for what we need to do there where everybody shared and sacrificed what with to do. both taxes and tax rates went up. spending got reduced. so i think we're at a point now in our country we just had an...
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the road and push the fiscal cliff off. just like last august with the debt ceiling, it's going to get messy. i think we're going to be in a period of volatility. >> are we kidding ourself when is we say that europe is a big part of this decline because of the debt crisis? are we ignoring the fiscal cliff to some degree? >> i don't think we're ignoring it now. i think we were ignoring it for a good, long time. i'm not an optimist, but i'm a realist. i do believe there will be some sort of resolution. the fact is, these are real concerns. the market needs a good gut-wrenching down right now. >> we're getting it right now. down 100 points on the industrial average. so now we are setting lows for the session. now the s&p is below its 200-day moving average, which was at 1380 and change. you think we continue this tomorrow? we have one more day to go this week. >> if i'm somebody looking to get in, i'm looking at my portfolio. i'm looking at the dogs i've got. i'm thinking about maybe, you know, starting to get a little bit of
the road and push the fiscal cliff off. just like last august with the debt ceiling, it's going to get messy. i think we're going to be in a period of volatility. >> are we kidding ourself when is we say that europe is a big part of this decline because of the debt crisis? are we ignoring the fiscal cliff to some degree? >> i don't think we're ignoring it now. i think we were ignoring it for a good, long time. i'm not an optimist, but i'm a realist. i do believe there will be some...
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let's talk about the fiscal cliff. kristin legard saying the fiscal cliff is a big problem for the u.s. economy. we don't hear anything that we're going to do. with all due respect, when will the adults enter the room and come to an agreement about the important issues that have all of these american lives in the balance? >> i don't take kindly to being called a non-adult. you remind me of your colleague -- i'm trying to talk about the tone in which we talk about them. yes, i want to talk seriously about the issues, i tried to response to questions you raised, you changed the subject. i think you need some tax increase, some cuts in the military, and some cuts on domestic spending. the problem you have and you say i blame the bush administration, i didn't blame them, i embraced it -- >> but you just said a minute ago the replicans squaurted any chance of getting anything done. rewind the tape. >> you're not going to do this, you're not going to mistake what i said and stop me off from responding. i didn't say they squa
let's talk about the fiscal cliff. kristin legard saying the fiscal cliff is a big problem for the u.s. economy. we don't hear anything that we're going to do. with all due respect, when will the adults enter the room and come to an agreement about the important issues that have all of these american lives in the balance? >> i don't take kindly to being called a non-adult. you remind me of your colleague -- i'm trying to talk about the tone in which we talk about them. yes, i want to talk...
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>> i think right now markets are too complacent about the fiscal cliff. a lot of people assume things are going to get worked out. once again, the congress will find a way to compromise and move forward on resolving the deficit problem. my feeling now is that it's not likely to be that simple. it's more likely to spill over into january. when that happens, we'll have a greater degree of uncertainty, not less. it may take longer to work this out than many people expect. indeed, president obama in an interview last week, mentioned that he thinks there will be a solution, a grand bargain, sometime in the first six months of 2013. six months. that's a long time to get this it problem straightened out. >> yeah, so, i mean, if we do get an agreement in six months, does that mean that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for many politicians, the real metaphor is it's a slope. they gradually go into these tax increases and spending cuts
>> i think right now markets are too complacent about the fiscal cliff. a lot of people assume things are going to get worked out. once again, the congress will find a way to compromise and move forward on resolving the deficit problem. my feeling now is that it's not likely to be that simple. it's more likely to spill over into january. when that happens, we'll have a greater degree of uncertainty, not less. it may take longer to work this out than many people expect. indeed, president...
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act because the fiscal cliff doesn't necessarily have to come true. also, if it does happen, there's no guarantee that any one particular defense contractor would lose its contracts at the beginning of the year. so we're not in that 60-day window. republicans, for their part, disagree with that. they they contractors ought to be issuing some of these warnings, and they suspect there are political motives here behind the white house sending these notices out to the contractors, michelle. >> we got all kinds of conspiracy theories today. thank you. >> there's a lot of that going around today. >> yeah, there is. all right, stick around. >> we're just kicking things off on another jam-packed "closing bell." >>> coming up, the death of buy and hold. are the old school methods of getting wealthy off of equities a thing of the past, or is it an exaggeration perpetuated by investors frustrated by falling yields? the answer is straight ahead. >>> plus, passing on genius. it's been a year since the death of steve jobs. has apple gotten past the tragic loss, or
act because the fiscal cliff doesn't necessarily have to come true. also, if it does happen, there's no guarantee that any one particular defense contractor would lose its contracts at the beginning of the year. so we're not in that 60-day window. republicans, for their part, disagree with that. they they contractors ought to be issuing some of these warnings, and they suspect there are political motives here behind the white house sending these notices out to the contractors, michelle....
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nicole: people talk about the fiscal cliff. would they talk about demand for potash and the fertilizer company mosaic to the down. it is down 3.4%. they talk about the man in the near-term, challenge next to it is potash, that is down nearly 3%. part of it is demanded that deals with china which mosaic says they hope they will come for next year. this may be a short-term problem but it is hitting these two stocks directly here today on a day when we got hit pretty hard. we are down 185 points. over half of the names in correction mode. liz: people still need to eat. dan is with us, capital management csi 0. you said don't hide. you promised three names. look at potlatch and mosaic. >> we look at the charts there. those stocks, cycles, markets are very different and tight, inventory depletion and restocking. i happen to think those are interesting companies to look at full backs. liz: three areas, energy and the no. one moneymaker. >> 8 ms holdings, missed the earnings estimates they do to the medicaid programs, the medicaid hmo
nicole: people talk about the fiscal cliff. would they talk about demand for potash and the fertilizer company mosaic to the down. it is down 3.4%. they talk about the man in the near-term, challenge next to it is potash, that is down nearly 3%. part of it is demanded that deals with china which mosaic says they hope they will come for next year. this may be a short-term problem but it is hitting these two stocks directly here today on a day when we got hit pretty hard. we are down 185 points....